Hello Experts,
Request suggestion.
My mother-in-law had purchased a site by her own earnings about 20 years back in bangalore. About 4 years back she has gifted half the portion of the site to my wife through registered gift deed. After all documents has been transfered to my Wife's name, we had constructed a house by taking loan from bank and i have been the co-borrower along with my wife. Since my wife is a house wife i am paying all the EMI's to bank through my salary.
Since i am not an co-owner of the property i am not able to get the income tax benifit for the house loan. Kindly request your suggestion on how to add my name as the co-owner of the property so that i can take the income tax benifit.
Regards
Sunil
